Joe Fresh President, Mario Grauso, transfers to lead Holt Renfrew
Canadian fashion luxury retailer Holt Renfrew announced on Thursday the appointment of Mario Grauso as the new President of Holt Renfrew.
Grauso will succeed Mark Derbyshire, who has decided to step down after seven years as President of Holt Renfrew to pursue new career opportunities.
"It has been a privilege to lead Holt Renfrew and I am proud of what we have accomplished and the great team we have built," says Derbyshire, in a news statement. "The Company is in a great place and it is the right time for me to meet the next challenge.”
Incoming President Grauso has over 20 years of experience leading fashion brands. He was President of the Vera Wang Group from 2009 to 2013. He has also held senior executive positions at Céline, Calvin Klein and Giorgio Armani, and more. Grauso is currently President of Joe Fresh.
"There are few senior leaders of Mario's pedigree and proven track record of success in the luxury retail space, and we are delighted that he will bring his extensive experience to the leadership of Holt Renfrew," says Mr. W. Galen Weston, Chairman of Selfridges Group, in a news statement.
Grauso will take on this new role in September. Until then, Derbyshire will support the transition and will continue to lead Holt Renfrew.
A new President is yet to be named at Joe Fresh.
Holt Renfrew was founded in 1837. It was acquired in 1986 by W. Galen and the Hon. Hilary M. Weston and has become Canada's destination for luxury retail.
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